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Cummins Cash Flow Statement

Operating, investing, and financing cash movements

Cummins generated $3.9B in operating cash flow over the trailing twelve months. After $1.3B in capital expenditures, free cash flow was $2.7B. Free cash flow increased 380.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.9BNet Cash From Investing (TTM)-$1.5BNet Cash From Financing (TTM)-$1.4BCapital Expenditures (TTM)$1.3BDepreciation And Amortization Cf (TTM)$1.1BNet Change In Cash (TTM)$1.1B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$90.5B
P/E Ratio32.46
ROE23.95%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$540M$162M$231M$298M$544M$189M
Payment for (Proceeds from) Other Investing Activity$1M$59M—$69M$33M-$4M
Net cash from investing activities-$713M-$246M-$369M-$231M-$885M-$10M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$210M$330M-$182M-$295M-$1M$629M
Change in accrued liabilities—-$487M——$205M-$167M
Change in inventories—$331M$105M$10M—$333M
Other working capital changes—-$52M$68M$263M$86M$38M
Deferred income taxes-$103M-$25M-$113M$206M$18M-$12M
Depreciation and amortization$271M$269M$279M$277M$280M$282M
Pension and Other Postretirement Benefits Expense Reversal$10M$19M$20M$21M$19M$19M
Net cash from operating activities$1.4B-$3M$785M$1.3B$1.5B$309M
Net income$445M$850M$928M$559M$620M$680M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions-$87M$70M$18M—$17M$86M
Increase (Decrease) in Accounts and Notes Receivable-$189M$457M$186M—$146M$678M
Increase (Decrease) in Other Operating Assets—$36M$136M——$50M
Payment for Pension and Other Postretirement Benefits$18M$13M$13M$12M$17M$13M
Pension and other postretirement income$10M$19M$20M$21M$19M$19M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$97M$52M$2.1B$86M$103M$213M
Dividends paid$250M$251M$251M$276M$277M$276M
Other, net—-$46M-$3M-$20M—-$99M
Proceeds from (repayments of) short-term borrowings, net-$377M$481M-$1.4B——-$4M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$182M$144M$66M$617M$148M$108M
Payment of Deferred Purchase Consideration—-$46M-$3M-$20M—-$99M
Noncontrolling interest transactions and other—-$46M-$3M-$20M—-$99M
Net cash from financing activities-$737M$92M$332M-$827M-$369M-$517M
Noncontrolling Interests Activity and Other—-$46M-$3M-$20M—-$99M
Repurchases of common stock$0$0———$243M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$882M-$165M$554M$1B$990M$120M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$34M$18M$39M——-$13M
Net increase (decrease) in cash-$62M-$139M$787M$247M$279M-$231M